What does it do?
Zcash is a decentralized and open-source cryptocurrency that offers its users privacy and selective transparency of transactions. Payments are recorded on blockchain, however, the sender, recipient and the amount may remain private.
- Shielded or transparent payments.
- Encrypted memos.
- Transaction expiration (if not mined in 50 minutes).
|Company Name||The Zerocoin Electric Coin Company LLC|
|Incorporation date||November 13, 2014|
|Incorporation Address||5655 West 8th Avenue|
Lakewood, CO 80214
|Crypto Currency||Price (Euro)||24H % Change|
|Initial Funding & Distribution|
|Total Supply Sold||There was no ICO|
|Total Amount Raised||n/a|
|Price During the Crowdsale||n/a|
|Token Distribution||10% Founders' Reward|
90% Miners' Reward
Founders Reward ends in 2020 with the first Halving.
|Distribution of Funds raised||n/a|
Zcash is private, therefore, there is no rich list.
|Founder & CEO||Zooko Wilcox||n/a|
|Director of Product Security||Benjamin Winston|
|Total number of Commits||14699 Commits (14 Repositories)|
StarkWare – a company developing the Full Proof Stack for the STARK zero-knowledge protocol.
J.P.Morgan – a global financial services firm and one of the largest banking institutions in the United States, with operations worldwide.
Parity – a blockchain infrastructure company.
Monero – a cryptocurrency which helps users to make private and censorship-resistant transactions.
Komodo – a fork of Zcash which allows users to choose if they want to keep their transaction confidential.
Verge – it uses TOR (The Onion Router) and I2P (Invisible Internet Project) network to become anonymous.
Zcoin – a zerocoin protocol which allows users to be anonymous.
DASH – uses a privacy – centric cryptographic currency which makes the transaction anonymous once a user uses PrivateSend.
Bitcoin Private is a unique forked currency as it is a merge of Bitcoin and ZClassic. It has the same privacy features as ZCash.
Bytecoin is using CryptoNote technology which make transactions untraceable and unlinkable.
Hshare/Hcash it uses the same zero-hash proof concept as Zcash which allows fully anonymous transactions.
Fiat Money – physical bills and coins that are used as a medium of exchange and issued by a government. The total supply is unlimited.
Potential market and clients
The main target is a consumer who is protecting his financial privacy. The adoption depends on the implementation of regulations for private cryptocurrencies and how willing users will be to switch from cash to anonymous cryptocurrencies.
Utility and economic dynamics
- ZEC is used to pay transaction fees.
- ZEC can be used as a transfer of value.